From: First Financial Daily
Compiler: http://www.fundcn.org

That the first half of the investment fund existing stock exchange rate too high. Theme speculation in stocks and other issues the Commission on Public-Private Fund talents flow of funds to “stabilize the military” Trying.

Some funds to the first half of the market with hot dancing to follow topics shares, increasing stock exchange rate, even vote on a Morgan fund managers under investigation for “rat” event. The crucial moment of Concern has been expressed about the training.

Last Thursday and Friday. SFC to convene the National Fund of 57 fund management companies responsible for the investment of vice president and investment director, hold a two-day professional training. Several fund company participants said that training for the keywords “compliance education” and “value investing.”

In the training session, officials of the SFC fund the full scene, the newly appointed director of the Fund Zheng - Qiang Li, Vice Linhonglei have made an important speech. Representatives of an Investment Officer, SFC officials of the Ministry of the first half against the market risk and investment behavior summary that the investment funds exist stock exchange rate too high and speculation in stocks and other topics. Fund request should follow the principle of value investing. On this basis, the SFC Fund of the Ministry of Representatives deputy general manager of investment fund companies and investment risk Director regulations, improve the investment process, improve the internal control of the company’s investment business training.

Since the first half of the A-share market is the market gave a sly, garbage stocks, shares of low performers, and even shares subject turns to praise B shares, market risks continue to accumulate. Fund income is significantly behind the market index, and even follow the focal point of the retail rate of return exceeds the Fund. Because of this, some funds began to dance with the hot market, following topics shares, increasing stock exchange rate, even vote on a Morgan fund managers under investigation for “rat” event. The key moment for the training it has attracted much attention.

SFC Fund Ministry told this newspaper yesterday, this morning at the beginning of the year training plan has been established. SFC Fund in 2004, the Department launched the fund company executives training, in 2005 to regulate the training system, launched last year, chairman of the Fund and the Inspector General of training. “This is against the Fund’s investment staff training.” The source said that This is the supervisory training operations in a logical, “training must be persistent and gradual.”

a participants said, I could see that the Commission attaches great importance to the Ministry of the training. The participants disclosed that the first half of the market to accumulate the risk to the Fund’s investments is not a small pressure “This training is so that we reflect on and review.”

Another one of the participating fund companies to disclose Investment Officer, SFC Fund Ministry also on the current flow of talent Public-Private Fund the Fund was “stabilize the military” taught. The Investment Officer will return to the company employees see that the fund investment securities investment funds and related matters in the notice. The circular pointed out that in the fund management companies and trust funds, the fund custodian working employees can invest in funds Fund share of the holding period of not less than six months, and the need to establish appropriate monitoring and reporting mechanisms and prepared to fulfill certain information disclosure obligations.

Copyright Fund China 2008.

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